Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1937.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
35 people listed on the 990; $955K paid to officers and key staff (Part VII, Section A).
Dr Boone Hopkins’s $261K as President is at the 56th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Krista Newkirk Jd | — | — | — | $132,982 | $277,100 | $274,600 |
| Dr Boone Hopkins | $260,915 | $253,415 | $266,827 | $162,299 | — | — |
| Joseph Wilferth | — | $169,612 | $61,733 | — | — | — |
| Krista Bofill | — | — | — | $93,983 | $163,800 | $160,596 |
| Kristin Lacey | $162,772 | $150,050 | $143,525 | $133,322 | $78,207 | — |
| Dr Jeffrey Barker | — | — | — | $86,073 | $146,523 | $143,650 |
| L Wayde Dawson | — | — | — | — | — | $130,000 |
| Michael Pasquarella | — | $126,906 | $31,712 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Converse University executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides coeducational undergraduate and graduate liberal arts degrees within a collaborative, residential campus community designed to foster student creativity, learning, and personal growth.
Questions for Converse University
Your first name shows with your question. Converse University answers here, for everyone.
The primary mission of converse university is to empower students to become transformative leaders who see clearly, decide wisely, and act justly. Converse university provides a liberal arts education of co-ed undergraduate students in a residential setting. Students pursue richly diverse programs in liberal arts and career preparations.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 57-0314380) · Dispute this lineConverse university is a residential university, meaning on-campus living is a valuable experience where in and out of class learning merge. From historic charm to modern ease, converse's residence halls offer diverse options to suit the needs and preferences of today's students.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 57-0314380) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
Plus 5 smaller programs.
The auditor reported 6 findings.
Plus 5 smaller programs.
The auditor reported 10 findings: questioned costs.
Plus 4 smaller programs.
The auditor reported 6 findings.
Plus 5 smaller programs.
The auditor reported no findings.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $99.9M | $91.7M | $84.2M | $81.0M | $92.8M |
| AddedLn 1b | $1.9M | $1.8M | $522K | $1.0M | $812K |
| SpentLn 1d–1f | $4.0M | $4.5M | $4.7M | $4.4M | $4.4M |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $24.7M | $18.9M |
| InvestmentsLn 11–13 | $85.8M | $93.2M |
| Land, buildings, equipmentLn 10c | $51.7M | $50.8M |
| Total assetsLn 16 | $174.1M | $175.0M |
| LiabilitiesLn 26 | $36.9M | $29.2M |
| Net assetsLn 32 | $137.2M | $145.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $10.2M | $10.2M | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $772K | $253K | $362K | $157K |
| Other salaries and wagesLn 7 | $14.8M | $12.2M | $2.0M | $630K |
| Pension plan contributionsLn 8 | $424K | $355K | $53K | $16K |
| Other employee benefitsLn 9 | $2.0M | $1.6M | $301K | $100K |
| Payroll taxesLn 10 | $1.1M | $887K | $166K | $55K |
| Legal feesLn 11b | $33K | $33K | ||
| Accounting feesLn 11c | $82K | $82K | ||
| Professional fundraising feesLn 11e | $30K | $30K | ||
| Investment management feesLn 11f | $308K | $308K | ||
| Other fees for servicesLn 11g | $613K | $482K | $96K | $34K |
| Advertising and promotionLn 12 | $312K | $218K | $47K | $47K |
| Office expensesLn 13 | $991K | $793K | $149K | $50K |
| Information technologyLn 14 | $239K | $239K | ||
| OccupancyLn 16 | $2.5M | $2.1M | $247K | $124K |
| TravelLn 17 | $160K | $136K | $16K | $8K |
| InterestLn 20 | $1.1M | $948K | $112K | $56K |
| Depreciation, depletion and amortizationLn 22 | $3.4M | $2.9M | $344K | $172K |
| InsuranceLn 23 | $523K | $523K | ||
| Other expenses (24a–d)Ln 24 | $6.5M | $5.5M | $647K | $310K |
| All other expensesLn 24e | $1.4M | $1.2M | $145K | $72K |
| Total functional expensesLn 25 | $47.6M | $40.1M | $5.6M | $1.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Feb 11, 2026 | $50.7M | $47.6M | $3.1M | $145.8M | 990 PDF |
| FY2024Filed with the IRS Apr 28, 2025 | $41.5M | $43.3M | −$1.9M | $137.2M | 990 PDF |
| FY2023Filed with the IRS Apr 30, 2024 | $34.7M | $40.5M | −$5.7M | $132.4M | 990 PDF |
| FY2022Filed with the IRS Apr 26, 2023 | $42.2M | $41.1M | $1.1M | $133.7M | 990 PDF |
| FY2021Filed with the IRS May 3, 2022 | $36.5M | $35.3M | $1.2M | $143.4M | 990 PDF |
| FY2020Filed with the IRS Apr 27, 2021 | $32.7M | $33.8M | −$1.1M | $122.3M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $50,688,632 revenue, 12 lines filed
Part VI · Governance 26 of 26 board members independent, no flags
Part VIII · Statement of revenue $50,688,632 across 10 lines filed
Part IX · Statement of functional expenses $47,603,490 across 21 lines filed
Part X · Balance sheet $175,006,278 assets, 22 lines filed
Part XI · Reconciliation of net assets $145,772,912 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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